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This entry was published on 2014-09-22
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SECTION 332
Conveyance of property
Religious Corporations (RCO) CHAPTER 51, ARTICLE 17
§ 332. Conveyance of property. The trustees of an incorporated United
Methodist church may sell, mortgage, lease or convey church property by
following the provisions of section twelve of article two of this
chapter except that in no case shall trustees mortgage or encumber real
estate on which a church or parsonage is located for the current expense
of a charge, nor shall the principal of the proceeds of the sale of such
property be so used.